Key Resistance: 0.8590
The EURGBP rejected the top of the immediate bullish structure and dropped -0.60% to retest the previous broken highs (Jul 27- Aug 2 highs).
This market is trading inside a very structured bullish move creating bullish divergence since the rally from last week’s lows every time it dips higher. This is a flag for bullish continuation should the tested broken highs hold as support.
Not only that but we have a fibonacci cluster at this level with price dipping 38.2% of last week’s range and 61.8% of the last wave up. Also hitting short term bearish targets at the 161.8% of the last leg up (0.8564-0.8594).
All of this combined makes it for a high probability setup to buy into these past day’s weakness.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
